Core & Main (CNM) Debt to Equity (2021 - 2026)

Core & Main (CNM) recorded quarterly Debt to Equity of $1.04 in Q1 2026, down 4.9% quarter-over-quarter from $1.09 in Q4 2025, and down 18.74% on a YoY basis from $1.27 in Q1 2025.

Core & Main (CNM) Debt to Equity (2021 - 2026) Analysis & Trends

Core & Main's Debt to Equity history runs 6 years deep, the most recent figure standing at $1.04 for Q1 2026.

  • In Q1 2026, Debt to Equity fell 18.74% year-over-year to $1.04; the TTM figure through Feb 2026 stood at $1.04 (down 18.74% YoY), while the FY2026 annual figure was $1.04, down 18.74% from the prior year.
  • Debt to Equity was $1.04 for Q1 2026 at Core & Main, down from $1.09 in the prior quarter.
  • In the past five years, Debt to Equity ranged from a high of $1.47 in Q2 2024 to a low of $0.61 in Q1 2023.
  • Historically, Debt to Equity has averaged $1.0 across 5 years, with a median of $1.04 in 2026.
  • The sharpest annual moves came in 2023 and 2024: Debt to Equity dropped 24.64% in 2023, then soared 109.96% in 2024.
  • A 5-year view of Debt to Equity shows it stood at $0.66 in 2022, then declined by 0.73% to $0.66 in 2023, then jumped by 109.96% to $1.38 in 2024, then retreated by 20.82% to $1.09 in 2025, then fell by 4.9% to $1.04 in 2026.
  • The last three Debt to Equity figures came in at $1.04 (Q1 2026), $1.09 (Q4 2025), and $1.15 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt/Equity (Qtr)
1 W.W. Grainger 63.64 Bn 63.46 Bn 1.75 Bn 0.60
2 Fastenal 53.18 Bn 52.87 Bn 982.90 Mn 0.03
3 Ferguson Enterprises 45.51 Bn 44.69 Bn 2.32 Bn 0.70
4 Wesco International 17.33 Bn 16.62 Bn 1.29 Bn 1.13
5 Watsco 14.65 Bn 14.51 Bn 427.56 Mn 0.18
6 Qxo 12.24 Bn 9.19 Bn 409.30 Mn 0.30
7 Applied Industrial Technologies 11.99 Bn 11.82 Bn 380.80 Mn 0.20
8 Core & Main 9.98 Bn 9.84 Bn 428.00 Mn 1.04
9 Pool 7.00 Bn 6.92 Bn 329.87 Mn 1.10
10 Msc Industrial Direct 6.54 Bn 6.49 Bn 377.59 Mn 0.37

Historic Data

Download Data
DateValue
Feb 1, 2026 1.04
Nov 2, 2025 1.09
Aug 3, 2025 1.15
May 4, 2025 1.24
Feb 2, 2025 1.27
Oct 27, 2024 1.38
Jul 28, 2024 1.41
Apr 28, 2024 1.47
Jan 28, 2024 1.23
Oct 29, 2023 0.66
Jul 30, 2023 0.71
Apr 30, 2023 0.72
Jan 29, 2023 0.61
Oct 30, 2022 0.66
Jul 31, 2022 0.74
May 1, 2022 0.76
Jan 30, 2022 0.80
Oct 31, 2021 0.84
Aug 1, 2021 0.95